People are always looking for the best degrees to apply and study in their days at college. Degrees that will provide outstanding job opportunities, as well as job security, are always in high demand. People will opt for degrees that give them the best chance of employment in the future after their days at college. They will prefer a degree in a field that is high-paying in nature, guarantees a level of stability, and provides opportunities for growth. As such one of the best degrees to pursue in the present moment is a finance degree.
A finance degree is a solid option for people who possess strong mathematical and analytical skills. Almost every business irrespective of size will require assistance to analyze its financial needs and opportunities. The bureau of labor statistics predicts that the jobs in the finance industry will continue to grow for the next ten years.
There are plenty of opportunities available for people with a finance degree such as financial management in businesses and firms, stock brokerages, commercial bank management, security analysis, trust management, loan management, and insurance.
What does a finance course require and cover?
The degree mentioned above requires a keen eye for detail as well as an analytical skillset. The entry requirements for a finance degree can vary from educational institution to educational institution. A general requirement of a strong academic record with an emphasis on mathematical aptitude is present in those trying to get into a financial degree course. Other important subjects that require a high level of aptitude in the candidate include English, communications, mathematics, and accounting.
A Bachelor’s degree in finance usually lasts four years. Finance courses cover a wide plethora of subjects that aim to provide the students with an understanding of the business world. The students of a finance degree are assessed on a mixture of assignments, written examinations, and group project work.
Financial courses cover a combination of theoretical and practical knowledge centered around financial skills. Economics and statistics are the cornerstones of the curriculum to understand how wealth is measured and how finance influences or shapes the way companies behave.
Later on, in the degree course, the finance student gets to choose the specialty they want to pursue such as taxation, audit, management account, and risk management, advanced accounting theory, business, and employment law. All the subjects will prepare the finance graduate to be ready for roles in commercial banking, investment banking, money managing, real estate, insurance, and financial banking.
Some of the best universities to pursue a Finance degree are:
- University of Florida
- Ohio State University
- Appalachian State University
- The University of Alabama
- Western Carolina University
What are the skills financial degree graduate gains?
Through the years of studying for a financial degree, a graduate earns multiple skills that will benefit throughout their financial careers:
- The ability to understand numerical and statistical data and learn how to manipulate it
- Ability to communicate findings clearly
- And Ability to analyse different types of information
- Ability to control and to raise funds
- Ability to plan and make wise investments
- Knowledge of relevant national and international regulations
- Understanding of financial products and services
- Also. Understanding of financial instruments
- And Understanding of stock markets, trade, and investments
- Understanding of business practices
What are the best jobs available for graduates with a Finance Degree?
Financial Manager:
This manager is responsible for maintaining a company’s financial health and try to protect it from Bankruptcy. They are in charge of creating a financial report and provide strategies for the goals and plans of a company. This job is extremely high in demand and is projected to keep growing at a rate of fifteen percent. The average salary is approximately a hundred and thirty thousand dollars an hour.
Personal Finance Advisor:
These advisors work in multiple specialties such as investments, college savings, estate planning, life insurance, personal budgeting, retirement planning, and taxes. This job provides an approximate salary of eighty-eight thousand dollars and has a potential growth of four percent.
Management Analyst:
This job is also called a management consultant as their main role is to improve a company’s efficiency. The job requires an examination of a company’s problem and ineffective procedures. They are tasked with developing solutions to help improve the company’s situation. There is an eleven percent growth in the job role with an average salary of eighty-five thousand dollars an hour.
Financial Analyst:
These analysts stay on top of economic trends in order to advise clients and businesses on how they can invest and diversify their money. They are tasked with determining a company’s value and assess financial risks or prospects. There is a five percent growth for the job and it usually pays just north of eighty thousand dollars a year.
Financial Examiner:
The job of an examiner is to ensure that financial institutions such as banks follow the laws and legal guidelines. They ensure that the operations and transactions of the financial institutions are legally compliant. The job also takes responsibility for risk management. They are also tasked with ensuring banks offer safe loans and have enough cash on hand to handle losses. The job pays approximately eighty thousand dollars an hour.
Actuaries:
Actuaries play a critical role in financial-services corporations such as insurance, banking, accountancy, and rating agencies. They also protect companies to hire Bankruptcy attorneys. Actuaries are tasked with calculating the likelihood of various events and will assess the financial consequences of these outcomes. They utilize software to perform calculations and represent their findings to present to managers at their firm. The job has a very high growth rate at nineteen percent and earns the actuary an average salary of a hundred and eight thousand dollars. Apply latest jobs with Jobsdive.com according to your skills and locations.
Conclusion
Financial degrees have been popular for quite some time and their expected projections of growth justify their popularity. Financial instruments advancements and globalisations have practically guaranteed that financial roles will be important and necessary for years to come. A finance degree is a key step for a person as it opens up a world of possibilities in terms of job opportunities for the future.
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